Shell Malaysia Continues Commitment To Reduce Carbon Emissions From Retail Operations
Shell Malaysia Continues Commitment To Reduce Carbon Emissions From Retail Operations
May 3, 2021
L-R: Ahmad Nizam Amirudin, Business Development Manager, Cleantech Solar (Malaysia) Sdn Bhd; Ar. Serina Hijjas, Chairman, Green Building Index (GBI) Accreditation Panel; Shairan Huzani Husain, Managing Director, Shell Malaysia Trading Sdn Bhd & Shell Timur Sdn Bhd; Ariff Shahbudin Abu Salim, Shell Malaysia Network Delivery Manager
Shell Malaysia has an ongoing commitment to reduce carbon emissions from its retail operations as part of its goal of being progressive with cleaner energy solutions. This initiative involves implementing ‘green’ solutions in its stations. The Shell Mint Hotel station is one of such stations and it has become the first petrol station in Malaysia to be awarded the Provisional Gold Standard by Green Building Index (GBI).
29 April 2021 | 07:28am
StockMarketWire.com - Royal Dutch Shell has confirmed a 4% increase on its dividend per share payment to 17.35 cents for the first quarter of 2021, having made a strong start to the year.
The oil giant said earnings rose to $3.2 billion, up from $393 million in the final quarter of 2020. It has also generated more than $8 billion of cash in the first three months of the year, while reducing net debt by over $4billion to $71.3 billion during the same time period.
It is targeting a net debt figure of $65billion and said that once this milestone is achieved, it will aim to increase shareholder distributions to 20-30% of cash flow from operations.
Shell returns to profit and slashes debt in ‘strong start’ for Q1
Shell hailed a “strong start” to 2021 as recovering demand saw the oil giant cut debt and return to pre-tax profit in Q1.
Updated: 29/04/2021, 8:15 am
Shell CEO Ben van Beurden
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Shell hailed a “strong start” to 2021 as recovering demand saw the oil giant cut debt and return to pre-tax profit in Q1.
Shares in the firm rose 1.3 per cent on the back of the announcement.
The much improved performance came as the firm tries to put the horrors of 2020, which saw oil prices crash to historic lows, to one side.
Oil prices are now hovering around $67, close to pre-pandemic levels, helping Shell follow BP to a much better quarter.
That was despite the historic winter storm that blanketed Texas in February, which the firm had warned would cost it $200m.
Shell said the financial impact of the storm had been covered by $400m in provisions, but that it had dented refining margins.
Shell International B.V.: ROYAL DUTCH SHELL PLC PUBLISHES FIRST QUARTER 2021 PRESS RELEASE
The Hague, April 29, 2021 Shell has made a strong start to 2021, generating over $8 billion of cash in the quarter. Our integrated business model is ideally positioned to benefit from recovering demand. As previously announced, the first quarter 2021 dividend per share has been increased by around 4%, in line with our progressive dividend policy. We have reduced net debt by more than $4 billion this quarter, progressing towards the $65 billion milestone to increase shareholder distributions. Our competitive and robust financial performance provides the platform to achieve the goals of our Powering Progress strategy.